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Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

Answer a)
Future Value Annuity =
r = 0.16
n = 14
=
= 26203.1924526
Answer b)
Future Value Annuity =
r = 0.08
n = 7
=
= 2676.84100788
Answer c)
Future Value Annuity = 200 * 7 = 1400
Answer d)
1st part
Future Value Annuity =
r = 0.16
n = 14
=
= 30395.70
2nd Part
Future Value Annuity =
r = 0.08
n = 7
=
= 2890.99
3rd part
Future Value Annuity = 200 * 7 = 1400
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